Henkel has confirmed it is in discussions with French investment firm Wendel over a potential acquisition of specialty chemicals group Stahl, in a deal that could value the business at up to €2bn, as reported by the Wall Street Journal.

In a regulatory filing, the German chemicals company said talks were ongoing but cautioned there was no certainty an agreement would be reached.

Any transaction would require approval from Henkel’s governing bodies as well as regulatory clearance. Wendel separately confirmed it was in non-exclusive discussions with Henkel.

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